PPC
PPC sets deadline for consortiums
Public Power Corporation has granted candidate investors in the lignite-powered units at Megalopoli and Meliti an April 19 deadline to inform the utility of any consortiums they may form between them or with third parties in order to take part in the next phase of the tender.
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PPC says it will continue supplying Greek nickel producer Larco until Jan. 11
Greece's Public Power Corp (PPC) will continue to supply debt-laden Larco, Europe's biggest nickel producer, with electricity until next month, extending a previous deadline which expired Monday.
Eight arrested in connection with PPC equipment thefts
Police on Friday arrested eight people aged between 19 and 38 and are looking for another two in connection with the theft of large quantities of pole-mounted transformers and power cables belonging to the Public Power Corporation (PPC) from fields in the wider area of Karditsa in northern Greece.
Greece's power utility shrinks first-half loss on lower provisions
Greece's Public Power Corp. (PPC) on Tuesday reported a smaller first-half loss on the back of lower provisions for bad debt.
The electricity utility's loss before taxes fell to 26.9 million euros in the January-to-June period from a loss of 249.5 million euros a year earlier.
PPC lignite plant bidders require more time for offers
Prospective bidders for the coal-fired electricity plants Public Power Corporation is selling at Meliti and Megalopoli are asking for more time before they submit their final offers.
Industry insiders dispute Greek power firm's plan for job cuts, rate hikes
Public Power Corporation (PPC), Greece's main electricity supplier, is set to encounter strong opposition over its plan to slash jobs and raise electricity prices, industry insiders have said.
PPC business plan will halve staff
Employees and consumers will pay the price of government policies in the electricity market and the Public Power Corporation business plan.
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ELTA debt to PPC put at 45-60 million euros
The money owed to Public Power Corporation (PPC) by Hellenic Post (ELTA) has now been estimated at more than 60 million euros - much more than previously thought.
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PPC caught in a storm related to its own sustainability
Kathimerini's revelation that consultancy company McKinsey has deemed Public Power Corporation unsustainable while drafting its new business plan has generated concern not only at the power giant but also in the Energy Ministry.
CEO confirms PPC will cut expenses
Public Power Corporation chief executive Manolis Panagiotakis referred on Thursday to the prospect of a considerable reduction in the utility's operating costs as well as extensive changes in its organization and function after the completion of its new business plan currently being drafted by consultant McKinsey & Company.
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